VALCK GROUP
Annual accounts 2025
abbreviated format, filed on 23-02-2026, 36 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €1.9m on 31-08-2025Change in equityin €m
Change in cashin euro
Position in the sector
Solvency57.1%
Higher than 54% of 10,831 companies in 2025.
Current ratio0.12
Higher than 8% of 10,455 companies in 2025.
Return on assets-1.1%
Higher than 17% of 10,701 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
1.9m | 1.9m | 1.8m | |
Fixed assets21/28 |
1.8m | 1.8m | 1.8m | |
Financial fixed assets28 |
1.8m | 1.8m | 1.8m | |
Current assets29/58 |
101,323 | 84,738 | 1,643 | |
Amounts receivable within one year40/41 |
93,557 | 79,642 | 25 | |
Trade receivables40 |
666 | - | - | |
Other amounts receivable41 |
92,891 | 79,642 | 25 | |
Cash at bank and in hand54/58 |
7,766 | 5,096 | 1,618 | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
1.9m | 1.9m | 1.8m | |
Equity10/15 |
1.1m | 1.1m | 1.2m | |
Contributions10/11 |
617,678 | 617,678 | 617,678 | |
Capital10 |
617,678 | 617,678 | 617,678 | |
Issued capital100 |
617,678 | 617,678 | 617,678 | |
Reserves13 |
292,545 | 292,545 | 292,545 | |
Non-distributable reserves130/1 |
61,768 | 61,768 | 61,768 | |
Legal reserve130 |
61,768 | 61,768 | 61,768 | |
Distributable reserves133 |
230,777 | 230,777 | 230,777 | |
Profit (loss) carried forward14 |
192,200 | 213,990 | 251,639 | |
Amounts payable17/49 |
827,146 | 788,271 | 667,527 | |
Amounts payable after more than one year17 |
0 | 328,299 | 369,902 | |
Financial debts170/4 |
0 | 328,299 | 369,902 | |
Amounts payable within one year42/48 |
827,146 | 459,972 | 297,625 | |
Trade debts44 |
3,368 | 7,014 | 6,488 | |
Suppliers440/4 |
3,368 | 7,014 | 6,488 | |
Taxes, remuneration and social security45 |
230 | - | - | |
Taxes450/3 |
230 | - | - | |
Other amounts payable47/48 |
823,548 | 452,958 | 291,137 | |
| Income statement | ||||
Gross operating margin9900 |
-4,882 | -2,639 | -11,999 | |
Other operating charges640/8 |
775 | 384 | 843 | |
Non-recurring operating charges66A |
- | 0 | 295,000 | |
Operating profit (loss)9901 |
-5,656 | -3,024 | -307,842 | |
Financial income75/76B |
2,080 | 1,734 | - | |
Recurring financial income75 |
2,080 | 1,734 | - | |
Financial charges65/66B |
18,213 | 36,359 | 7,473 | |
Recurring financial charges65 |
18,213 | 36,359 | 7,473 | |
Profit (loss) for the period before taxes9903 |
-21,790 | -37,649 | -315,314 | |
Profit (loss) for the period9904 |
-21,790 | -37,649 | -315,314 | |
Profit (loss) for the period to be appropriated9905 |
-21,790 | -37,649 | -315,314 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
192,200 | 213,990 | 251,639 | |
Profit (loss) brought forward from the previous period14P |
213,990 | 251,639 | 566,953 | |
| Social balance sheet | ||||
Average staff (FTE)9087 |
0 | 0 | 0 | |
| Document | ||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Investment in fixed assets | 500 | - | 1.8m | |
| Change in cash | 2,671 | 3,477 | - | |
| Working capital | -725,823 | -375,234 | -295,982 | |
| Solvency | 57.1% | 58.8% | 63.5% | |
| Current ratio | 0.12 | 0.18 | 0.01 | |
| Debt to equity | 0.75 | 0.70 | 0.57 | |
| ROE | -2.0% | -3.3% | -27.1% | |
| ROA | -1.1% | -2.0% | -17.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 |
|---|---|---|---|
| Financial fixed assets | €500 | - | €1.8m |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on VALCK GROUP
The operating result for 2025 is a loss of €5,656, larger than the loss of €3,024 in 2024.
Debt's share of the balance-sheet total rises from 41.2% to 42.9%. Equity is lower and debt is higher.